The technology accelerator reportedly will be moving into 211 North Ervay, often referred to as the blue building downtown. The Wildcatters will occupy two floors, comprising 18,000 square feet, of the 18-story building, said John Crawford CEO of Downtown Dallas Inc. Crawford said he believes the lease is signed and the group is expected to relocate July 1.

While Wildcatters Spokeswoman Clarisa Lindenmeyer would not confirm that this in fact was the location to which the group planned to move, she did confirm that it finalized its new home, which it will announce in a few days.

Tech Wildcatters currently occupies a 21,000 square-foot space in Uptown commonly referred to as the Tech Church. Its lease ends July 1.

The downtown building has been vacant for almost 20 years, but developer Mike Sarimsakci has been working to redevelop the space. Groups and companies have already claimed eight floors and are currently working to finalize leases, Crawford said.

Dallas nonprofit Linking the World will move into the building June 1 and three tenants will fill slots on the ground floor: a furniture retailer, a restaurant/bistro/coffee shop and another retailer which Crawford could not discuss. Sarimsakci is expected to take the top floor for his own offices and living space.

Tech Wildcatters' move in to the redeveloped building helps the city with its downtown Dallas revitalization plans.

"We’ve just about run out of empty, old buildings," Crawford said. "They're all being repurchased and rebuilt at this point."

Crawford also believes that the addition of Tech Wildcatters will be particularly helpful in bringing in a younger demographic.

"The people they're going to be bringing in are young people looking for what we’re selling," Crawford said. "People looking to live work and play."